Goldcorp suspends operations at El Sauzal mine
Goldcorp ceased operations today at its El Sauzal mine due to highwall slope instability.
Goldcorp reports pit wall instability at El Sauzal mine
September 02, 2014
VANCOUVER, Sept. 2, 2014 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) today announced that its El Sauzal mine in Chihuahua, Mexico is experiencing movement in the highwall slope of the Trini pit. As a safety precaution, mining operations have been suspended until a geotechnical survey team can assess the potential impact of the instability on the mine's operation. The current year represents the final year of El Sauzal's active mine life, with 100,000 to 105,000 ounces of gold production expected in 2014. As of August 28, 2014 approximately 37,000 ounces of gold have been produced.
Goldcorp is one of the world's fastest growing gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.